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Abandonment of Securities Without Stock Affairs

As of April 1, 2013, TDCC provides the securities abandonment service for securities without stock affairs units.

Q&A

Stock Abandonment Operation show or hide details

  • 1.

    How to abandon central depository accounts' stocks that are delisted from the Taiwan Stock Exchange, the Taipei Exchange or the Emerging Stocks?

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    The ways to abandon stocks in the central depository account that are delisted from the Taiwan Stock Exchange, the Taipei Exchange or the Emerging Stocks are determined based on whether the issuing company has a stock affairs unit providing shareholder services and the stock issuance method. The relevant details are described individually as follows:

    (1) Where there is a stock affairs unit providing relevant services:

    1. Where physical stocks are issued, the investor shall apply to the securities firm to withdraw the stocks first. Then, he/she shall present the stocks along with securities delivery list issued by the securities firm and apply to the issuing company's stock affairs unit for stock abandonment.
    2. In the case of dematerialized stocks, the investor shall obtain the issuing company's central depository account number from its stock affairs unit and present the securities passbook, seal or signature identical to the one on the specimen card, and Statement of Stock Abandonment to the securities firm to apply for stock abandonment transfer. The securities firm would then submit the application to TDCC for delivery to the issuing company's stock affairs unit to proceed with the transfer.

    (2) Where there is no stock affairs unit providing relevant services: In accordance with the Ministry of Economic Affairs' interpretation, the abandonment takes effect when the notice indicating shareholder's abandonment intention is delivered to the issuing company's address registered with the Ministry of Economic Affairs. Thus, the investor can present the securities passbook, seal or signature identical to the one on the specimen card, and the post office's legal attest letter delivered to the issuing company's registered address notifying the abandonment, to apply to the securities firm for a transfer of abandoned stocks. The securities firms would submit the application to TDCC to proceed with the transfer.

  • 2.

    Does TDCC provide investors with information including the issuing company's stock affairs unit and stock issuance method?

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    Information on the stock issuance method, the presence of a stock affairs unit, and its name and contact telephone number, etc. are available under TDCC website/Investors' section/Stock Affairs Information/Equity Securities/Basic Information of Securities or Information on Stock Affairs Units of Companies. (Website: https://www.tdcc.com.tw/smWeb)

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